https://images.fnlondon.com/im-950005/?width=262&height=174

https://images.fnlondon.com/im-950005/?width=359&height=239

https://images.fnlondon.com/im-950005/?width=749&height=499

https://images.fnlondon.com/im-950005/?width=959&height=639

https://images.fnlondon.com/im-950005/?width=1242&height=810

https://images.fnlondon.com/im-950005/?width=1280&height=853

Fund managers continue to take a beating from tough macroeconomic conditions

Online Editor

City wealth firm Brooks Macdonald says it expects outflows to continue this year as price rises and geopolitical uncertainty continue to weigh on the sector.

The fund house bled another £300m in the three months ended 31 March 2024, according to a trading update on 17 April.

Brooks Macdonald reports more outflows as cost-cutting continues

Justin Cash

Investing

Citi shuts Málaga office it opened to battle banker burnout

A&O Shearman boss Hervé Ekué: ‘My godfather was accused in a failed coup… he inspired me to be a lawyer’

A&O Shearman boss Hervé Ekué on skyrocketing pay rises: ‘We haven’t reached the top’

Who is JPMorgan’s new UK private banking boss?

https://images.fnlondon.com/im-46763652?size=0.7

Maricé Brown is ‘JPMorgan through and through’ but is an unfamiliar name in the City

Ex-Bank of America trader joins Sumo as head of systematic fixed income trading

https://images.fnlondon.com/im-29422209?size=1

Jugakalpa Das’ six-member pod will start trading for Sumo in July

Morgan Stanley taps former BlackRock executive for UK board role

https://images.fnlondon.com/im-08432995?size=1.5

Anna Khazen joins the Wall Street bank’s international arm

The required capital increase will be achievable for the banking giant and shouldn’t excessively reduce its shareholder distributions, the Swiss National Bank said.

Switzerland’s New Capital Rules Will Be Feasible for UBS, Central Bank Says

The rise in U.S. tariffs announced in early April would have a significant impact on economic growth over coming years, the central bank said in its quarterly outlook.

Irish Central Bank Warns U.S. Policy Could Lead to Slower Growth, Higher Debt

Irish Central Bank Warns U.S. Policy Changes Could Lead to Slower Growth, Higher Debt

Nonbank lenders like Affirm are cultivating stables of large financing partners to ensure they have sufficient capital to lend, even when public debt markets freeze up.

Prudential Unit Lends $500 Million in Private Credit to Affirm 

Issuers of digital currencies need Treasury bills for their reserves, but analysts say the consequences are uncertain.

Stablecoin Legislation Will Juice Demand for Treasurys—to a Point

The two-job trend these days is about necessity, not pursuing a passion.

Americans Are Side-Hustling Like We’re in a Recession

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